Jan 30, 2013 6:00pm EST
short term the wrong way. the economy slinks bringing on fears of a new recession. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. hard slap in the face tonight from reality. economy thought to be improving shocked experts and shrank in the final months of last year. huge falloff from gain last summer. white house correspondent wendell goler with an explanation and reaction. >> less than two weeks after the president said in the second inaugural address that an economic recovery had begun, the commerce department said not so fast. the biggest drop in defense spending in 40 years combined with a decline in exports and slow growth in company stock piles slashed economic growth from 3.1% in the third quarter to minus 1/10th in the fourth. first negative quarter since 2009. white house downplayed the report and gave the republicans part of the blame. >> home prices are starting to climb back. consumer confidence overall has been rising and consumer spending is rising. but there is more work to do. our economy is facing a major head wind that goes to your point.
Feb 5, 2013 6:00pm EST
immigration to law abiding companies get workers they need in the 1st century economy and create a path to citizenship to bring the undocumented immigrants this country out of the shadows and into the full light of the american dream. >> some republicans say it's important to emphasize border security and be fair to 5 million people hoping to legally go to america. >> some waiting an average of seven years because the bureaucratic red tape. >> after progressives led with president obama today, the status quo doesn't work. >> we were talking about trying to fix a broken system. a system that doesn't work for anybody in the country. we were talking about common sense comprehensive reform. >> fixing it can be so tricky a bipartisan group has a meeting secretly to hammer out a deal. sources say it's expected they'll roll out a more detailed plan than the senate group did by next week. >>> f.b.i. data indicate a dropoff in federal background checks for gun sales in january after a surge at the end of last year. the ap reports the system processed less than 2.5 million checks last month, down
Jan 31, 2013 6:00pm EST
people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >> bret: this is a fox news alert. you looking live. an explosion rocked a headquarters of mexican state oil monopoly temex. reuters reports the building has been evacuated because of an electrical problem. fox news source tells us they have weekly accident and checkered past in terms of employee safety. there is an explosion. we are monitoring this. there are live pictures coming out. there is a big explosion at the headquarters of the mexican oil headquarters of pemex. we'll update this throughout the show. first-time claims for unemployment videos in the u.s. jumped by 38,000 last week. january jobs report due out tomorrow morning. experts predict it will hold for 7.8% for third month in a row.
Feb 1, 2013 6:00pm EST
nobel prize winner sheparded effort to spur clean energy u.s. economy will step down after tenure rocked by failures of costly government investments. chu took responsibility but not the blame for the hal half-billion investment in solyndra that went bankrupt after the administration doubled down in 2011. in award ceremony, president obama praised chew chule for designing a cap to plug deep water horizon oil spill in 2010. this is a big position, especially with the energy issues still pending in the president's second term. >>> from washington, to the kremlin. plea for russians to get busy. salacious details later in the grapevine. up next, hillary clinton says cowboy, as another american embassy comes under attack. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centr
Feb 4, 2013 3:00pm PST
. some say it could be as long as a month late. i think that's too bad. our economy could use some presidential leadership right now. >> house republicans want to force the president to submit a budget that would balance in 10 years. >> they hope to pass it in march unless they come up with a deficit reduction agreement before that. it would hurt readiness maintenance and training and make it difficult for the u.s. to respond to global crises. >> it would bite hard no question. wendell, thanks. >> it's not the kind of news wall street was looking for today. stocks had the worst day of the year. the dow dropped 130 points s&p lost 17 the nasdaq lost 40. president obama turned up the volume on the gun control members today in minnesota where hunting and gun ownership is big business. in an attempt components like the nra the president took his message directly to the people. mike emanuel has the story. >> president obama went to minneapolis for what he hopes to be common sense proposals. he choose minneapolis to spotlight the steps he has taken. >> this city launched a series of yout
Jan 29, 2013 3:00pm PST
global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ at devry.edu/knowhow. all stations come over to mission a no go call. go. this is for real this time. we are on step seven point two one two. we have entered our two minute hold. cabin venting has been inhibited. copy that. sys two, verify and lock. command is locked. flight computer state has entered auto idyll. three, two, one. the falcon 9 has launched. preparing for nose cone separation. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghet
Feb 6, 2013 3:00pm PST
genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. >> washington has to deal with its spending problem. i watched them kick the can down 22 years down the road. its time to act. >> had he tahoe roundly dismiss the suggestion to postpone tens of billions of dollars of automatic spending cuts in defense and other departments on march 1st. defense secretary renewed pretty dire warnings today. listen.... >> my greatest concern today is that we are putting our national security at risk by lurching from budget crisis to budget crisis to budget crisis. >> only a couple hours after the speech. senate republicans unveiled their al downsize the government's civilian work force and freeze pay for members of congress. >> this is way of doing it without cutting defenses, without cutting desk and without raising taxes. >> reporter: republicans plan a hearing next week with the joint chiefs of the various branches of military to show how dangerous the automatic cuts could be. then they have two weeks to pa